BOG waiver raises academic requirements

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CN/ Lindsey Maeda

FAST FACTS

Requirement changes to BOG fee waiver 

Students must have a 2.0 GPA and complete at least 50 percent of the units attempted per semester starting in the Fall 2015 academic year.

Requirement changes to student loans

The U.S. Department of Education will stop paying interest on subsidized loans if the student exceeds the maximum period in their academic program.

Alternatives to student loans

Students can avoid loans by seeking help from Pell Grant, Cal Grant or scholarships.

 

By Alexa Santana

New regulations to the Board of Governor’s fee waiver and subsidized loans offered to East Los Angeles College students will come to effect in fall 2015. In order to continue receiving the BOG waiver, students must meet district academic standards.

Students must have a 2.0 GPA and complete at least 50 percent of the units attempted per semester starting in the fall 2015 academic year.

This must be completed continuously and this rule will determine if a student will continue to receive the BOG fee waiver for the Fall 2016 academic year.

If students fails to meet both requirements for one semester, they will lose their BOG waiver eligibility.

It is important that students are aware of this rule because it may affect their eligibility for the next school year.

The previous requirement for BOG waiver eligibility was based on California residency and household income or by the information that was provided on their Free Application for Student Aid Form.

There will also be changes to student loans. The U.S. Department of Education will stop paying interest on subsidized loans if the student exceeds the maximum period in his or her academic program.

For example, if a student is declared as an advertising major and has an academic plan of four years to finish the program, then the Department of Education will only pay interest for those four years.

If the student continues to enroll in classes after four years, the student must pay the interest out of pocket.

It is important to meet with an academic counselor to see how long an academic plan is. This will help students avoid paying interest.

The program length of study is determined by the major provided in the Students Information System (SIS).

Although loans are available to assist students, the financial aid office advises community college students to stay away from loans as much as possible.

Even if students do not receive loans while attending ELAC, it is still important that students are aware of this change especially those who plan to transfer out of ELAC.

Students can avoid loans by seeking help from Pell Grant, Cal Grant or scholarships.

For students who have yet to fill out their FASFA, it is not too late.

The deadline for priority financial awards this year was March 2, but that doesn’t mean students can’t still turn in an application.

Once a student has completed his or her application, they must check the ELAC campus website or SIS for any other information the school might require.

Failing to do so may cause a delay in the process.

Making mistakes on FAFSA can also delay a student’s award status.

Students who have any questions regarding the changes being made to the BOG waiver, loan updates or any other financial aid questions can get more info at the Financial Aid office.

Hours of operation are Monday through Thursday 8 a.m. to 7 p.m., Fridays 8 a.m. to 3 p.m. and every first Saturday of the month 9 a.m. to 1 p.m.

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